The U.N. Security Council is strongly condemning North Korea's rocket launch and warning it will take further action if it conducts another launch or a new nuclear test.

A presidential statement, approved by all 15 council members and read at a formal meeting Monday morning, said Friday's launch, as well as any future use of ballistic missile technology, is "a serious violation" of U.N. sanctions.

The council said it plans to add "additional entities and items" subject to U.N. sanctions to the current sanctions list.

The council demanded that North Korea halt any further launches and said Friday's launch "has caused grave concerns in the region."